Bildkälla: Stockfoto

Vitec Q1 2024: Solid margins and slightly lower-than-expected sales - Redeye

Redeye provides its initial take on Vitec’s Q1 2024 report, which came in slightly below our estimates. We judge that positives from the report include solid first-quarter profitability. Notable negatives include slightly lower top-line figures than we anticipated. The top-line miss mainly derived from a lower-than-expected contribution of future M&A, which naturally displays some sequential volatility. Thus, we expect to make minor adjustments to our estimates and valuation.

Redeye provides its initial take on Vitec’s Q1 2024 report, which came in slightly below our estimates. We judge that positives from the report include solid first-quarter profitability. Notable negatives include slightly lower top-line figures than we anticipated. The top-line miss mainly derived from a lower-than-expected contribution of future M&A, which naturally displays some sequential volatility. Thus, we expect to make minor adjustments to our estimates and valuation.
Börsvärldens nyhetsbrev
ANNONSER